Updated 8:36 am PDT, Thursday, September 27, 2018 A man uses an ATM of a bank in the port town of Lavrio, Greece, about 75 kilometers (48miles) south of Athens, on Thursday, Sept. 27, 2018. Greek authorities say they will soon lift restrictions on domestic cash withdrawals imposed more than three-years ago to prevent a bank run by depositors at the height of the country's debt crisis. less A man uses an ATM of a bank in the port town of Lavrio, Greece, about 75 kilometers (48miles) south of Athens, on Thursday, Sept. 27, 2018. Greek authorities say they will soon lift restrictions on domestic ... more Photo: Petros Giannakouris, AP Photo: Petros Giannakouris, AP Image 1 of / 1 Caption Close Image 1 of 1 A man uses an ATM of a bank in the port town of Lavrio, Greece, about 75 kilometers (48miles) south of Athens, … [Read more...] about After 3 years, Greece ends limits on bank cash withdrawals
Close joint bank account
Brian Loy Published 4:58 PM EDT Sep 19, 2018 Unmarried couples face unique money issues and financial planning opportunities. For example, how do you own your assets? There’s a shared joy from living together and a temptation to own things “together.” There are going to be expenses – some shared, and others where you find yourself saying, “I’m not paying for that!” Here are three financial planning areas for unmarried couples. 1. Are we ready to have a joint bank account? Most individuals will find it safer to maintain a “what’s mine is mine and what’s yours is yours” attitude early in the relationship – keep your bank accounts, investments, credit cards and debt separate. Uncertainty and finances create stress in relationships. Until you develop trust, are comfortable in talking about goals and expectations, and work closely as a team, it makes sense to keep financial accounts separate. Even after the … [Read more...] about Mine, yours and ours: Guidance for unmarried couples on finances
China removed limits on foreign ownership of its banks and bad-debt managers, pushing ahead with a previously announced plan to open its financial system despite rising trade tensions with the U.S. Overseas financial institutions will now be treated the same as local companies, the China Banking and Insurance Regulatory Commission said in a statement late Thursday, following through on a pledge announced last year. Stakes were previously capped at 20 percent for a single foreign institution and 25 percent for a group. The move is part of China's long-standing effort to increase its integration with the global financial system, but it may also help President Xi Jinping counter criticism from U.S. President Donald Trump that China has been a one-sided beneficiary of global commerce. Xi's government announced a number of financial opening initiatives in November, before the trade conflict that saw the world's biggest economies raise tariffs on $50 billion of each other's exports. Most of … [Read more...] about China lets foreigners own banks
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WASHINGTON (Circa) — On Friday, the FBI sent an alert to U.S. banks warning of a plot by cyber-criminals to fraudulently withdraw some untold millions of dollars from ATM machines in a coordinated, global cyber heist. It would make for a compelling Hollywood movie but for the fact that cyber-enabled bank robbery is a daily threat for financial institutions and growing concern for federal law enforcement. The alert was obtained by computer security researcher Brian Krebs and read, in part, "The FBI has obtained unspecified reporting indicating cyber-criminals are planning to conduct a global Automated Teller Machine (ATM) cash out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an 'unlimited operation.'" Typically, an "unlimited operation" is a multi-phase hacking exploit where cyber-criminals are able to access virtually "unlimited" criminal proceeds. According to the FBI's description, these operations are highly … [Read more...] about FBI alerts banks to ATM cyber heist: Is your cash safe?